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North America Vision Sensor Market Forecast to 2030
North America Vision Sensor Market Forecast to 2030 – Regional Analysis – by Type (Less than 3D and 3D), Application (Inspection, Gauging, Code Reading, and Others), and Industry Vertical (Automotive, Electronics, Industrial Manufacturing, Food & Beverages, and Others)
$2,485 – $3,885
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Description
High Adoption of Vision Sensors in Consumer Electronics Industry Fuel North America Vision Sensor Market
Vision sensors are typically used to verify operational effectiveness and maintain product quality. They are also used in code reading, gauging, and localization applications to improve business productivity by streamlining operations. Numerous industries, including automotive, electronics and semiconductors, industrial manufacturing, food and packaging, and pharmaceutical, are using these sensors to detect defects in their production lines. The electrical sector and consumer electronics both use vision sensors to enhance device capabilities such as facial recognition, augmented reality (AR), gesture control, and object recognition. Vision sensors are highly used in smartphones for face unlocks, photo enhancement, and AR filters. The growing use of vision sensors in consumer electronics industries is accelerating market growth. Also, the rising need to check defects in the production facilities has bolstered the vision sensor market growth. According to IDC Corporate, in August 2023, smartphone shipments reached 1.15 billion units and are expected to increase at 4.5% year-over-year growth from 2024. The growing adoption of smartphones is expected to continue to drive the vision sensor market soon.
North America Vision Sensor Market Overview
The vision sensor market in North Africa is projected to grow in the near future due to the rising adoption of vision sensors in the automotive and electronics industry. Vision sensors are used for maintaining product quality and ensure operational efficiency in the automotive industry. They help automotive manufacturers in the positioning of parts during assembly processes by ensuring precise alignment and placement of components. Similarly, in the electronics industry, vision sensors are used to measure and verify the dimensions and tolerances of electronic components. The expansion of the automotive and electronics industry in North Africa is driving the market. The vision sensor market in North America is further anticipated to expand due to the growing demand for advanced technologies such as AL, ML, IoT, and IIoT. Cognex Corporation and Teledyne Digital Imaging Inc are among key players in North America expanding their current portfolio by developing vision sensors. For instance, in November 2022, Cognex Corporation launched the DataMan 8700LX Handheld Barcode Reader to meet the demand from manufacturing industries. DataMan 8700LX is a high-performance, handheld barcode reader integrated with vision sensors. This handheld barcode reader is designed with a liquid lens for reading the most challenging label-based codes and supports a broad range of industrial applications. The expansion of numerous industries including automotive, electronics, and industrial manufacturing, is also creating opportunities for the market in the region. Favorable initiatives taken by the government to develop automotive and electronics industries are fueling the market in the country. The automotive and electronics industries in the country play a significant role in the US economy. According to Cox Automotive Industry Insight Data of Q3, 2023, new vehicle sales volume reached 1.3 million units in September 2023, an increase of 13% from 2022. The US automotive industry’s growth is creating opportunities for the vision sensor market growth. Vision sensors are integrated into the automotive industry’s light detection and ranging (LiDAR), advanced driver-assistance systems (ADAS), and radar to enhance safety and overall driving experiences. These factors are projected to support the vision sensor market growth in North America during the forecast period.
North America Vision Sensor Market Revenue and Forecast to 2030 (US$ Million)
North America Vision Sensor Market Segmentation
The North America vision sensor market is categorized into type, application, industry vertical, and country.
Based on type, the North America vision sensor market is bifurcated into less than 3D and 3D. The less than 3D segment held a larger market share in 2022.
In terms of application, the North America vision sensor market is categorized into inspection, gauging, code reading, and others. The code reading segment held the largest market share in 2022.
By industry vertical, the North America vision sensor market is segmented into automotive, electronics, industrial manufacturing, food & beverages, and others. The automotive segment held the largest market share in 2022.
Based on country, the North America vision sensor market is segmented into the US, Canada, and Mexico. The US dominated the North America vision sensor market share in 2022.
Cognex Corp, Teledyne Technologies Inc, Keyence Corp, Sick AG, Balluff GmbH, Baumer Holding AG, Pepperl+Fuchs SE, Ifm Electronic GmbH, Hans Turck GmbH & Co.KG, and Leuze Electronic GmbH & Co KG are some of the leading companies operating in the North America vision sensor market.
Summary Info
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According to Business Market Insights’ research, the North America vision sensor market was valued at US$ 969.79 million in 2022 and is expected to reach US$ 2,419.43 million by 2030, registering a CAGR of 12.1% from 2022 to 2030. Evolution of industry 4.0 and adoption of AI-based vision sensors are among the critical factors attributed to drive the North America vision sensor market growth.
The introduction of Industry 4.0 brings several advances in the efficiency and productivity of industrial processes. Various industries use vision sensors for generating real-time visual information used in quality control processes. Industries use this information to enhance productivity, automation, and quality control in their processes, which further leads to a reduction in downtime. Vision sensors are used to detect defects or inconsistencies in product lines and enable businesses to produce high-quality products. Vision sensors are crucial for smart factories and Industry 4.0 for enabling advanced automation, smart manufacturing, and data-driven decision-making activities. They are essential for automating assembly lines, quality control, mitigating risks, and supporting businesses to produce high-quality products by minimizing errors. Thus, vision sensors help improve the overall effectiveness of equipment and minimize downtime by ensuring efficient operations and automation within modern industrial facilities.
On the contrary, high costs associated with vision sensors hamper the growth of North America vision sensor market.
Based on type, the North America vision sensor market is bifurcated into less than 3D and 3D. The less than 3D segment held 76.8% market share in 2022, amassing US$ 745.00 million. It is projected to garner US$ 1,812.09 million by 2030 to register 11.8% CAGR during 2022-2030.
In terms of application, the North America vision sensor market is categorized into inspection, gauging, code reading, and others. The code reading segment held 46.2% share of North America vision sensor market in 2022, amassing US$ 448.35 million. It is anticipated to garner US$ 1,201.58 million by 2030 to expand at 13.1% CAGR during 2022-2030.
By industry vertical, the North America vision sensor market is segmented into automotive, electronics, industrial manufacturing, food & beverages, and others. The automotive segment held 42.6% share of North America vision sensor market in 2022, amassing US$ 413.06 million. It is projected to garner US$ 1,134.42 million by 2030 to expand at 13.5% CAGR from 2022 to 2030.
Based on country, the North America vision sensor market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 81.1% share of North America vision sensor market in 2022. It was assessed at US$ 786.50 million in 2022 and is likely to hit US$ 1,999.28 million by 2030, registering a CAGR of 12.4% during 2022-2030.
Key players operating in the North America vision sensor market are Cognex Corp, Teledyne Technologies Inc, Keyence Corp, Sick AG, Balluff GmbH, Baumer Holding AG, Pepperl+Fuchs SE, Ifm Electronic GmbH, Hans Turck GmbH & Co.KG, and Leuze Electronic GmbH & Co KG, among others.
In September 2023, Cognex Corporation (NASDAQ: CGNX) launched the In-Sight SnAPP vision sensor, redefining standards for ease of use, accuracy, and functionality in an industrial sensor. This product expands the company’s capabilities into the vision-sensing space and adds US $1 billion to its served markets.
In November 2023, Teledyne e2v, a Teledyne Technologies company and global innovator of imaging solutions, announces Emerald Gen2, its new state-of-the-art CMOS image sensor family. Built on Teledyne e2v’s advanced imaging technologies, this new family delivers enhanced performance, making the new sensors ideal for a wide range of machine vision uses, outdoor surveillance, and traffic detection and monitoring cameras.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the North America vision sensor market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America vision sensor market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Vision Sensor Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. North America Vision Sensor Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Importance of Component Identification and Inspection Devices in Automotive Industry
5.1.2 Growing Funding and Investment in Developing and Advancing Vision Sensors
5.1.3 High Adoption of Vision Sensors in Consumer Electronics Industry
5.2 Market Restraints
5.2.1 High Costs Associated with Vision Sensors
5.3 Market Opportunities
5.3.1 Adoption of AI-Based Vision Sensors
5.4 Future Trends
5.4.1 Evolution of Industry 4.0
5.5 Impact of Drivers and Restraints:
6. Vision Sensor Market – North America Analysis
6.1 Vision Sensor Market Overview
6.2 Vision Sensor Market Revenue (US$ Million), 2020-2030
6.3 Vision Sensor Market Forecast Analysis
7. North America Vision Sensor Market Analysis – by Type
7.1 Less than 3D
7.1.1 Overview
7.1.2 Less than 3D: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
7.2 3D
7.2.1 Overview
7.2.2 3D: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
8. North America Vision Sensor Market Analysis – by Application
8.1 Inspection
8.1.1 Overview
8.1.2 Inspection: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Gauging
8.2.1 Overview
8.2.2 Gauging: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Code Reading
8.3.1 Overview
8.3.2 Code Reading: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
9. North America Vision Sensor Market Analysis – by Industry Vertical
9.1 Automotive
9.1.1 Overview
9.1.2 Automotive: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
9.2 Electronics
9.2.1 Overview
9.2.2 Electronics: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
9.3 Food & Beverage
9.3.1 Overview
9.3.2 Food & Beverage: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Industrial Manufacturing
9.4.1 Overview
9.4.2 Industrial Manufacturing: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10. North America Vision Sensor Market – Country Analysis
10.1 North America Vision Sensor Market Overview
10.1.1 North America: Vision Sensor Market Breakdown, by Key Country, 2022 and 2030 (%)
10.1.1.1 North America: Vision Sensor Market – Revenue and Forecast Analysis – by Country
10.1.1.2 United States: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 United States: Vision Sensor Market Breakdown, by Type
10.1.1.2.2 United States: Vision Sensor Market Breakdown, by Application
10.1.1.2.3 United States: Vision Sensor Market Breakdown, by Industry Vertical
10.1.1.3 Canada: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 Canada: Vision Sensor Market Breakdown, by Type
10.1.1.3.2 Canada: Vision Sensor Market Breakdown, by Application
10.1.1.3.3 Canada: Vision Sensor Market Breakdown, by Industry Vertical
10.1.1.4 Mexico: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.4.1 Mexico: Vision Sensor Market Breakdown, by Type
10.1.1.4.2 Mexico: Vision Sensor Market Breakdown, by Application
10.1.1.4.3 Mexico: Vision Sensor Market Breakdown, by Industry Vertical
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions
13. Company Profiles
13.1 Cognex Corp
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Teledyne Technologies Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Keyence Corp
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Sick AG
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Balluff GmbH
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Baumer Holding AG
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Pepperl+Fuchs SE
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 ifm Electronic GmbH
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Hans Turck GmbH & Co. KG
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Leuze Electronic GmbH & Co KG
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Research Team
14.2 Word Index
Table 1. North America Vision Sensor Market Segmentation
Table 2. List of Vendors
Table 3. Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Table 4. Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 5. Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 6. Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million) – by Industry Vertical
Table 7. North America: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million) – by Country
Table 8. United States: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 9. United States: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 10. United States: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million) – by Industry Vertical
Table 11. Canada: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 12. Canada: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 13. Canada: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million) – by Industry Vertical
Table 14. Mexico: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 15. Mexico: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 16. Mexico: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million) – by Industry Vertical
Table 17. Heat Map Analysis by Key Players
Table 18. List of Abbreviation
Figure 1. North America Vision Sensor Market Segmentation, by Country
Figure 2. Ecosystem: Vision Sensor Market
Figure 3. Vision Sensor Market – Key Market Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Vision Sensor Market Revenue (US$ Million), 2020-2030
Figure 6. Vision Sensor Market Share (%) – by Type (2022 and 2030)
Figure 7. Less than 3D: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. 3D: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Vision Sensor Market Share (%) – by Application (2022 and 2030)
Figure 10. Inspection: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Gauging: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Code Reading: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Others: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Vision Sensor Market Share (%) – by Industry Vertical (2022 and 2030)
Figure 15. Automotive: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Electronics: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Food & Beverage: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Industrial Manufacturing: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Others: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. North America Vision Sensor Market, by Key Country – Revenue (2022) (US$ Million)
Figure 21. North America: Vision Sensor Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 22. United States: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. Canada: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Mexico: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. Company Positioning & Concentration
The List of Companies – North America Vision Sensor Market
o Cognex Corp
o Teledyne Technologies Inc
o Keyence Corp
o Sick AG
o Balluff GmbH
o Baumer Holding AG
o Pepperl+Fuchs SE
o Ifm Electronic GmbH
o Hans Turck GmbH & Co.KG
o Leuze Electronic GmbH & Co KG
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